Almujtama Alraida Medical Co (SAU:9592) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Almujtama Alraida Medical Co LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Almujtama Alraida Medical Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Almujtama Alraida Medical Co's long-term debt to total assets ratio declined from Jun. 2023 (0.32) to Jun. 2024 (0.00). It may suggest that Almujtama Alraida Medical Co is progressively becoming less dependent on debt to grow their business.

Almujtama Alraida Medical Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Almujtama Alraida Medical Co's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Almujtama Alraida Medical Co LT-Debt-to-Total-Asset Chart

Almujtama Alraida Medical Co Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.32

Almujtama Alraida Medical Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	-	0.32	-	-

Almujtama Alraida Medical Co LT-Debt-to-Total-Asset Calculation

Almujtama Alraida Medical Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0	/	441.997
	=	0.00

Almujtama Alraida Medical Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0	/	473.108
	=	0.00

Almujtama Alraida Medical Co (SAU:9592) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Almujtama Alraida Medical Co LT-Debt-to-Total-Asset Related Terms

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Almujtama Alraida Medical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Almujtama Alraida Medical Co (SAU:9592) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Main Street, P.O. Box 109474, Al-Hamadania District, Jeddah, SAU, 21351

Website

https://www.almujtama.com.sa

Almujtama Alraida Medical Co is a company having its core operations include operating pharmacies and retailing pharmaceutical products such as medicines and cosmetic products and medical equipment and medical supplies. It also provides pharmaceutical services in the Kingdom of Saudi Arabia.

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